NFP Acquires Fullerton Insurance Service, Inc., Reinforces Presence in West
Acquisition creates a larger presence in the Southern California marketplace
NEW YORK – November 6, 2018 – NFP, a leading insurance broker and consultant that provides employee benefits, property and casualty (P&C), retirement and individual private client solutions, today announced that it has acquired Fullerton Insurance Service, Inc. (Fullerton). The transaction closed effective Oct. 1, 2018.
Founded in 1929, Fullerton is an insurance broker located in Southern California that provides P&C and group benefits capabilities to commercial and personal clients. Former principals of the firm, Leslie and Kevin McCarthy, will join NFP as vice presidents of NFP’s P&C division, reporting to Roger Wilber, a senior vice president of NFP’s P&C division.
"We are excited to welcome Leslie, Kevin and the entire Fullerton team to the NFP family," said Paul Saich, regional managing director, West region. "This acquisition adds significant P&C depth and commercial expertise to our team and creates a consolidated, full-service P&C hub in Southern California."
"We are thrilled for this new chapter and believe that NFP is the perfect fit for the Fullerton team," said Leslie McCarthy. "Our clients will benefit tremendously from these expanded resources and services — and the shift will reinforce our growing presence in the West."
NFP is a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual private client solutions through our licensed subsidiaries and affiliates. Our expertise is matched by our commitment to each client's goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space.
NFP has more than 4,700 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We've become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was named the 2nd largest retirement plan aggregator firm, as ranked by Investment News; the 5th largest US-based privately owned broker, the 5th best place to work in insurance and the 6th largest benefits broker by global revenue by Business Insurance; the 9th largest property and casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal; the 10th largest employee benefits broker by Employee Benefit Adviser; the 11th largest broker of US business by Business Insurance; and the 12th largest global insurance broker by Best's Review.
For more information, visit NFP.com.
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